illimity Bank S p A : completes its share buyback program serving its Long Term Incentive Plan (LTIP)
08/10/2020 | 02:39pm EDT
ILLIMITY COMPLETES ITS SHARE BUYBACK PROGRAM SERVING ITS LONGTERM
INCENTIVE PLAN (LTIP)
Milan, 10 August 2020 - illimity Bank S.p.A. ("illimity" or the "Bank") informs it has completed the share buyback program ("Buyback") announced last 5 August. By means of the authorized intermediary appointed according the applicable law, all the maximum no. 87,951 illimity shares provided under the Buyback have been purchased, exclusively on the Mercato Telematico Azionario organized and managed by Borsa Italiana S.p.A. ("MTA") in compliance with the limits of the authorization granted by the Shareholders' Meeting held on 22 April 2020 and with the provisions of applicable law, for a total disbursement of euro 736,322.97; the treasury shares purchased within the Buyback will serve the Long Term Incentive Plan.
Following the purchases realized and taking into account the treasury shares already owned, as of today illimity owns 98,505 treasury shares, equal to ca. 0.15% of its share capital. The Bank's subsidiaries do not hold shares in the Bank.
On the basis of information provided by the intermediary appointed for the repurchase of the shares, please find the aggregate data of the daily purchases of treasury shares on the MTA reported below:
Number of ordinary shares purchased
* Including trading fees
On the basis of information provided by the intermediary appointed for the repurchase of the shares, please also find, attached to this press release, the details of the purchase transactions carried out on the MTA during the Buyback.
For further information on the Buyback please see the press release of last 5 August, available to the public on the website www.illimity.com, Section "Investor Relations / Press Releases".
Press & Communication illimity Isabella Falautano, Francesca D'Amico +firstname.lastname@example.org
Sara Balzarotti, Ad Hoc Communication Advisors +email@example.com
illimity Bank S.p.A.
illimity is the high-tech banking group founded and headed by Corrado Passera that was created with the aim of responding to specific market needs by way of an innovative and specialist business model. More specifically, illimity extends financing to high-potential SMEs, purchases distressed corporate loans and services these through its platform, neprix, provides digital direct banking services through illimitybank.com and, with illimity SGR, over the next few months will set up and manage the first Alternative Investment Fund for corporate loans. The story of illimity began in January 2018 with the launch of the special purpose acquisition company SPAXS S.p.A., which ended with a record 600 million euro being raised on the market. SPAXS subsequently acquired Banca Interprovinciale S.p.A., with the resulting merger between the two, giving rise to "illimity Bank S.p.A." which began trading on Borsa Italiana's MTA exchange on 5 March 2019 (ticker "ILTY"). The banking group, headquartered in Milan, can already count on 500 employees and closed its first year of activity with assets of 3 billion euro.
Details of purchase transactions for each trading day
illimity Bank S.p.A. published this content on 10 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2020 18:38:02 UTC